WARRANTS |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Warrants and Rights Note Disclosure [Abstract] | |
| WARRANTS | WARRANTS Prior to the Business Combination, Aspirational issued 7,991,544 redeemable public warrants (“Public Warrants”) and 4,529,950 redeemable private warrants (“Private Warrants” and together with the Public Warrants, the “Warrants”), which Wheels Up assumed on the Business Combination Closing Date. Each whole Warrant entitles the holder to purchase 1/200th of one share of Common Stock at a price of $2,300.00 per whole share of Common Stock. The Warrants expire on July 13, 2026 or earlier upon redemption or liquidation. As of March 31, 2026, no Warrants had been exercised, and 12,521,494 Warrants remained outstanding and exercisable for up to 62,607 shares of Common Stock. We have retrospectively adjusted all share counts and per share of Common Stock amounts in this paragraph to reflect the estimated impact of the Reverse Stock Split. See Note 16 for more information regarding the Reverse Stock Split.
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